Before making any investment, especially when using new tools, it's essential to thoroughly understand the risks involved. At the same time, you can start by testing the waters with a small amount of capital to get familiar with the operations. The mistake is to only see the potential returns, ignore the risks, skip practicing with small funds, and go all in with a large amount right away. In the end, you'll be left with nothing but regret. Why are the loss experiences of predecessors so important? Because these are lessons bought with real money. Smart people can use them to save a lot of tuition fees, or even save their skin.
Options are a double-edged sword.
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